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Bonanza Vs IIFL Securities (Compare Bonanza and IIFL Securities)

The side-by-side comparison of Bonanza and IIFL Securities. Compare Bonanza Vs IIFL Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Bonanza vs IIFL Securities?


Bonanza
Incorporated in 1994, Bonanza Portfolio Ltd is an Indian financial services and brokerage company with long experience in the capital markets. It offers brokerage services in the areas of equity, indices, and commodity derivatives, as well as provides depository services. Bonanza has pan-India presence across more than 1784 outlets spread across 560 cities. The company operates in the cash and derivative segments of both NSE and BSE. It also has membership of Multi Commodity Exchange (MCX), N... Know more about Bonanza Portfolio Ltd


IIFL Securities
Incorporated in 1995, IIFL Securities is a stock broker part of IIFL Group. IIFL Group a leading financial service provider in India offering a wide range of services. It is a well-recognized brand for the quality of its advice, personalized service and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products including Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc. They ... Know more about IIFL Securities Limited

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Bonanza Vs IIFL Securities

Incorporated in 1994, Bonanza is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NFO, CDS. It has 1784 branches across India. Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India.

  Bonanza IIFL Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS NSE, BSE, MCX
Account Type Default Plan Flat Brokerage Plan (FBP)
Year of Incorporation 1994 1996
Number of Branches 1784 900
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Bonanza Vs IIFL Securities Charges & AMC

Bonanza trading account opening charges is Nil while IIFL Securities account opening changes is ₹750. Bonanza Demat Account AMC Charges is ₹250 and IIFL Securities Demat Account AMC Charges is ₹400 per year.

  Bonanza IIFL Securities
Trading Account Opening Charges Nil ₹750
Trading Account AMC Charges Nil ₹0
Demat Account Opening Charges Nil ₹0
Demat Account AMC Charges ₹250 ₹400 per year
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Bonanza Vs IIFL Securities Brokerage Charges & Plans

Bonanza Vs IIFL Securities Brokerage

Bonanza brokerage charges for equity is 0.10% and intraday is 0.005% whereas IIFL Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

  Bonanza IIFL Securities
Account Type Default Plan Flat Brokerage Plan (FBP)
Fixed Charges
Equity Delivery Brokerage 0.10% 0.50%
Equity Intraday Brokerage 0.005% 0.05%
Equity Futures Brokerage 0.005% 0.05%
Equity Options Brokerage ₹15 per Lot 1% of Premium or ₹100 per lot, whichever is high
Currency Futures Trading Brokerage 0.0025% 0.05%
Currency Options Trading Brokerage ₹5 per lot 1% of Premium or ₹100 per lot, whichever is high
Commodity Futures Trading Brokerage 0.004% 0.05%
Commodity Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Bonanza Vs IIFL Securities Brokerage Plan 2

  Bonanza IIFL Securities
Account Type Plan 1000 Variable Brokerage Plan (VBP)
Fixed Charges NA
Equity Delivery Brokerage 0.1% 0.15% to 0.60%
Equity Intraday Brokerage 0.005% 0.02% to 0.05%
Equity Futures Brokerage 0.005% 0.02% to 0.05%
Equity Options Brokerage ₹15 per lot 1% to 2.5% of premium or ₹100 per lot, whichever is higher
Currency Futures Trading Brokerage .0025% 0.02% to 0.05%
Currency Options Trading Brokerage ₹5 per lot 1% to 2.5% of premium or ₹100 per lot, whichever i
Commodity Futures Trading Brokerage 0.004% 0.02% to 0.05%
Commodity Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i
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Bonanza Vs IIFL Securities Brokerage Plan 3

  Bonanza IIFL Securities
Account Type Plan 7500 Advance Brokerage Plan (Prepaid)
Fixed Charges ₹5,000 to ₹1,00,000
Equity Delivery Brokerage 0.025% 0.35% to 0.05%
Equity Intraday Brokerage 0.00312% 0.04% to 0.01%
Equity Futures Brokerage 0.00312% 0.04% to 0.01%
Equity Options Brokerage ₹10 per lot 1% of premium to flat ₹20 per lot
Currency Futures Trading Brokerage 0.0015% 0.04% to 0.01%
Currency Options Trading Brokerage ₹4 per lot 1% of premium to flat ₹20 per lot
Commodity Futures Trading Brokerage 0.00208% 0.04% to 0.01%
Commodity Options Trading Brokerage 1% of premium to flat ₹20 per lot
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Bonanza Charges Vs IIFL Securities

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0.05 per share (₹25 Min)
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹25 per trade ₹50 per call
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Bonanza Vs IIFL Securities Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while IIFL Securities exchange transaction charges for options is 0.051% on premium.

  Bonanza IIFL Securities
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) 0.00325%
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) 0.00325%
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) 0.0021%
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) 0.051% on premium
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) 0.0021%
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) 0.051% on premium
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) 0.0028%
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Bonanza Vs IIFL Securities Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the IIFL Securities margin for intraday cash is Upto 20x.

  Bonanza IIFL Securities
Equity Delivery Upto 10x + Interest Upto 3x (18% Annual Interest)
Equity Intraday Upto 10x Upto 20x
Equity Futures Upto 3x Upto 3x
Equity Options Upto 2x for shorting 3x for shorting
Currency Futures Upto 2x Upto 2x
Currency Options Upto 2x for shorting 2x for shorting
Commodity Futures Upto 3x Upto 3x
Commodity Options
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Compare Bonanza and IIFL Securities Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.

  Bonanza IIFL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App
Intraday Square-off Time 3:15
Other Features
Referral Program
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Bonanza Vs IIFL Securities Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 110 customer reviews.

  Bonanza IIFL Securities
  7 Customer Reviews    Rate Bonanza 110 Customer Reviews    Rate IIFL Securities
Fees 3.4 2.8
Trading Brokerage 3.3 2.6
Trading Platform Usability 3.1 3.3
Customer Service 3.7 2.7
Research Capabilities 5.0 3.7
Overall Ratings Rated 3.6 stars Rated 2.7 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews IIFL Securities is rated 2.7 of 5 based on 110 customer reviews
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Bonanza Vs IIFL Securities Investment Options

  Bonanza IIFL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Insurance Insurance
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Bonanza Vs IIFL Securities Order Type Offered

  Bonanza IIFL Securities
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Bonanza Vs IIFL Securities Research Report

  Bonanza IIFL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Bonanza Vs IIFL Securities Suitable For Investor Type

  Bonanza IIFL Securities
Casual Investor
Active Investor Yes
Trader Yes Yes
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Bonanza Vs IIFL Securities - Advantages and Disadvantages

  Bonanza IIFL Securities
Pros
  1. Multiple fee structure to fulfill need of different type of investors.
  2. Offers 2 in 1 account which is Trading cum Demat account
  3. Bonanza offers add-on services like online bidding for IPO and mutual funds

More Advantages...

  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

Cons
  1. Call & trade is charged extra at the rate of ₹25 per trade.
  2. Bonanza doesn't offer any Referral program.
  3. Customer reported hidden charges and fees which was not explained at the time of account opening.

More Disadvantages...

  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

Reviews
Promo / Offers

AMC are waived off for the 1st year

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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